Since stockbrokers have a huge client base and they have to communicate with their clients instantly, BULK SMS is a better option for them to use which saves time.
USE OF BULK SMS SERVICES IN STOCK MARKET : -
• Information about upcoming IPO
• Market trends
• Alert information about high-risk stock
• Sector-wise Profit and loss
• Dividend information
• Buy and sell alert
• Updates of the market
• Trading tips
• FOREX Rate
Bulk SMS is also used for DEMAT accounts. BULK SMS is used to do promotions for the DEMAT account for the purchase and for sending alerts on DEMAT offers like low brokerage charge in the market.